pretty standard. Before companies IPO, they typically capitalize to a limited extent. But that money we don't have to wait on. Everyone needs to chill. This is an opportunity. Even if we get "ripped off" this could still enable us to get out of this mess completely. And it could be that we're right back where we started minus elto here in 6 months, or worse. We need to see not only the 8-k on this deal, but figure out how it fits into the tender in jan. Terms may already be in renegotiation. We may have cash that we can send the creditors to delay the leak of shares until post IPO. Who knows. Many questiosn remain. Don't be frustrated the share price hasn't flown yet. It can start slow. Buyers and sellers remain in the wings waiting to learn more.
Fact is, GC could have come up completely empty handed and none of us would have been that surprised.
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